No Fast Answer For Hausfeld, Scott+Scott's Rival Forex Suits

Law360, London (March 10, 2020, 4:56 PM GMT) -- Britain’s specialist antitrust court has refused to make a quick decision on which of the two competing U.S. law firms can run a class action seeking more than £1 billion ($1.3 billion) from several banks accused of rigging the global foreign exchange market.

The Competition Appeal Tribunal said in a ruling Friday that it would decide which of the two claims is more suitable to be granted class action status, known as a collective proceedings order, under the U.K.’s infant class action regime during the main hearing of both applications in March 2021.

Judge Marcus Smith held that it would be...

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